Professional investors are getting fired up for economic 'boom'
Posted: Thu Feb 16, 2017 7:53 am
CNBC - 2/14/2017 - Jeff Cox - The tumult surrounding President Donald Trump's first weeks in office has not bothered professional investors, whose confidence is surging that both the economy and stock market are in for robust times ahead. Optimism that the global economy is in a "boom" period has multiplied by orders of magnitude, according to one measure in the latest Bank of America Merrill Lynch Global Fund Manager Survey. Some 23 percent believe the economy will see above-trend growth and inflation in the next 12 months, which BofAML interprets as "boom" sentiment. At this time last year, that number was just 1 percent. A net 59 percent believe global growth overall is heading higher. Read more @ http://www.cnbc.com/2017/02/14/professi ... -boom.html